News
Outstanding Multifamily Mortgages Drop: MBA
According to a Mortgage Bankers Association analysis of Federal Reserve Board Flow of Funds data released over the weekend, multifamily mortgage debt outstanding dropped $11 billion, a 1 percent decrease, between the third quarter and fourth quarter 2009.
Arjun Nagarkatti Is New President of AMCAL
AMCAL Multi-Housing Inc. recently promoted Arjun Nagarkatti to president.
Multifamily Management Specialist U.S. Residential Group Formed
Economic turmoil for multifamily owners and lenders means opportunities for multifamily property managers, if the pace at which such companies are being formed is any indication.
Recently Passed Senate Bill Addresses Low Income Housing Tax Credit Issues
While it may seem that Congress has been focused exclusively on health care legislation, a $100 billion jobs measure that passed the Senate on Wednesday contained several provisions important to the multifamily housing industry.
DEAL OF THE DAY: Alliant Capital Refinances Two Chicago Properties
Alliant Capital LLC made a $1.6 million refinance of Kedzie Boulevard Apartments,
Michael Mullin Joins Integrated Business Systems
Michael Mullin has joined real estate automation systems provider Integrated Business Systems (IBS) in Fairfield, N.J. as vice president of sales and marketing.
Under LeasingDesk’s New Product, Gaps in Resident Liability Coverage Will Be Covered
LeasingDesk’s RenterProtection, a supplemental insurance product that provides limited liability coverage to the owner in the event a renter’s insurance policy lapses, is canceled, or the renter has no insurance, has now been released.
New Legislation to Remove Home Buyer Tax Credit Marriage Penalty
Representative Eliot Engel (D-NY17) recently introduced legislation that would amend the Internal Revenue Code of 1986 eliminating the so called ‘marriage penalty’ from the Home Buyer Tax Credit.
Georgia to Require Submetering in All Multi-Housing Communities
The state of Georgia has become the first state to require by law the sub-metering of multifamily, commercial and industrial buildings.
Gus Remppies Appointed President of Grubb & Ellis Apartment REIT
Grubb & Ellis Apartment REIT, Inc. has appointed Gustav G. “Gus” Remppies president of the company, effective immediately. Stanley J. “Jay” Olander, who had served as president since